Mphasis targets low double-digit FY27 growth on AI demand
In short
Mphasis expects low double-digit growth in FY27, backed by a strong deal pipeline and demand linked to AI. The update also says macroeconomic uncertainty is still pressuring traditional IT spending.
This matters for Mphasis because AI work may help support growth even if older IT budgets stay weak.
What the reporting says
Mphasis expects low double-digit growth in FY27, supported by a strong deal pipeline and AI-led opportunities, according to a Business Standard summary. The company also faces macroeconomic uncertainty that is weighing on traditional IT spending. The outlook points to growth momentum for the IT services firm as AI-related demand helps offset softer conditions in legacy technology budgets.
Why it matters
Mphasis expects low double-digit growth in FY27, with support from a strong deal pipeline and AI-led opportunities. The company’s outlook is being shaped by macroeconomic uncertainty that is weighing on traditional IT spending. The update suggests AI demand could help the IT services firm sustain momentum even as conventional enterprise technology budgets remain under pressure.